SunEQ & NIFCO achieved Financial Close for one of the largest PV Power Plants

About SunEQ

SunEQ GmbH was established in 2015 in Hamburg, Germany, as a solar asset development platform. SunEQ GmbH is a limited liability company in private ownership, which provides expertise and capital for the development of early stage projects into bankability and investment maturity. With a focus on growth markets such as Latin America and sub-Saharan Africa, SunEQ’s objectives are to form an Independent Power Producer with a portfolio of long-term investments in assets and a pipeline of solar projects under development. The company has a technical and financial service agreement with Suntrace GmbH.

About Suntrace

Suntrace GmbH was founded in Hamburg in 2009. The independent consultancy specializes in assisting large-scale solar projects in the development and realization phase in emerging and developing countries. Thanks to its expertise in the business segments Solar Resource, Technology & Engineering and Solar Investment, Suntrace is able to provide energy suppliers, research organizations, development banks, investors, project developers and governments with competent support for the development and construction of power plants. With branches and cooperation partners in Spain, India, Africa and Latin America, the team covers the whole project life cycle, from the early project development phase through to the commissioning of the plant. Since its foundation, Suntrace has supported power stations in over 30 countries, with a total aggregate capacity of more than five gigawatts.

About NIFCO

Namibia Infrastructure Finance Limited (NIFCO) is an unlisted infrastructure investment company targeting renewable energy projects in Namibia, jointly established and managed by IJG Capital (Pty) Ltd and Old Mutual Investment Group (Namibia) (Pty) Ltd. NIFCO demonstrates OMIGNAM’s and IJG Capital’s commitment to responsible investment in Namibia’s infrastructure and further development for future generations.

About Hungileni investment

Hungileni Investment cc is a Namibian company, majority-owned by female PDN (Previously Disadvantaged Namibian) shareholders. Hungileni promotes and pursues the development and investment of renewable energy in Namibia to the benefit of local stakeholders. Hungileni provides services for the development and implementation of renewable energies among others to Nampower and also invests into long-term assets. The Ohorongo Project is Hungileni’s most important investment milestone so far in Namibia.

Source: PV Europe